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    2870 State St Salem, OH 44460

    For Sale
    $750,000

    Prime Salem location, 2.5 acres, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2.5-acre commercial land parcel presents a unique investment opportunity in Salem, Ohio. Strategically located on East State Street, this property boasts high visibility and convenient access, situated near major retail anchors such as Home Depot and Walmart Supercenter. Currently, the land is slated for replatting, offering flexibility for future development plans. The 2.1 acres directly fronting East State Street provide significant frontage for maximum exposure. The sale excludes any existing structures

    Property Features for 2870 State St

    General Information

    Property type
    Land
    Lot Size
    108,900 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rent-A-Center Furniture Store Brighton Hot Dog ... Hot Dog Restaurant Tax 29 Salem Tax Preparation Service Verizon Electronics Store The Sweepstakes Club Internet Cafe

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.8187038
    Latitude
    40.9021612

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    FAQs

    What type of property is this?
    Land - Prime Salem location, 2.5 acres, development potential.
    Where is this land located?
    The property is located at 2870 State St Salem, OH.
    What is the asking price?
    The asking price for this property is $750,000.
    Request Owner's contact information
    2870 State St Salem, OH 44460
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    Salem, OH 44460
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2870 State St Salem, OH 44460
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